If you’re a small business owner, you know all too well the challenges of running a successful business. Today, the business world is highly competitive and takes place in a global market.
A sobering fact is that 20% of small businesses fail in their first year of operation. This is usually because they do not fully understand the needs and wants of their target market and therefore are not offering products that are suitable for their purchase.
In addition, start-up costs for small businesses can be a significant part of the initial budget, which usually occurs during the business life cycle when revenue is low and it is necessary to build a customer base quickly to ensure that you will live.
In 2022, there are many small business “must-haves” that will increase an organization’s chances of longevity and success. This article describes three of these points.
Comprehensive business insurance
Regardless of the size of any small business, there will be some risks involved. Small businesses that provide food or beverages to the public must ensure that production processes minimize the risk of injury or illness to consumers.
Even if this seems important, bad things can happen where contaminated products can make consumers sick and lead to legal action against the company.
By having adequate business insurance like the Chinese B2B platform has, companies can reduce many of the biggest risks in doing business. Therefore, it is important for any small business to seek professional advice from the services of a professional insurance broker, such as that provided by kbdinsurance.com.
Commercial insurance brokers have extensive industry expertise in the insurance sector. They must work honestly and impartially because they are not affiliated with an insurance provider and provide information about insurance products tailored to small businesses.
In short, in 2022, comprehensive security is very important to ensure the continuity of any company.
Every business needs a solid, expertly researched five-year plan to make it successful. The importance of this cannot be overstated.
A five-year plan can be a guide to help shape the strategy and direction of a small business, especially in its early stages.
When a complete five-year plan effectively shows a company’s profit plan and increased market share during its growth period, it can also be important evidence to help get outside funding.
For more information on the importance of creating a comprehensive five-year plan for your business, read more articles.
It should be well understood that the global market is a dangerous place for any small business.
One of the main things small businesses or others like the international B2B marketplace should avoid is direct competition with established companies that offer similar products. This is because it can lead to a price war, where each company lowers the price of its products in order to gain the market share in the end.
This process costs both companies financially and is best avoided. Instead, small businesses should seek to offer products that are different from their closest competitors, who are positioning their products differently in the eyes of consumers. This will ensure that price wars are avoided and help the development of the market as a whole.
Private VPN software: NordVPN
About 47% of small businesses reported at least one security issue in the past year, according to Hiscox’s Network Readiness Report, which is likely to increase in 2022 and beyond.
Therefore, security startups and small businesses must implement a VPN service.
VPN services hide internet activity from hackers and prevent users from accessing web content.
One of the most trusted VPN service providers is NordVPN with 5,249 servers in 60 countries around the world. It also includes a variety of professional servers that users can choose according to their needs.
Not only does it have the largest server park, but it also guarantees good stability and speed stability.
Cyber Sec is an important part of NordVPN. It protects you from malware, phishing attempts, adware attacks and other similar threats.
Another promising feature of NordVPN is its security, which can protect the data in the system from any external sources. It uses the Advanced Encryption Standard (AES) with 256-bit keys, which is used by the NSA (National Security Agency) to protect any confidential information in the most classified way.
Website accessibility tool: accessiBe
According to the World Bank, about 15 percent of the world’s population has some form of disability.
accessiBe is a provider of AI-powered automation solutions that make websites WCAG and ADA compliant. It protects your business effectively from lawsuits and fines. It converts inaccessible websites into WCAG and ADA compliant websites.
accessiBe also offers a litigation support package to demonstrate ADA website compliance and guide you through the process.
accessiBe can be customized. It boils down to designing your website quickly. You can also choose the color palette, position, icon, size and placement of access buttons.
It’s affordable at $49 per month with a 7-day free trial for 24/7 security. This plan is available for websites under 1,000 pages. For sites with more than 1,000 pages, prices can range from $99 to $149 per month.